News

Beach Energy Limited (ASX:BPT) advises that oil production has commenced through the new Western Flank flowlines, which are tied-in to the Moomba facility, with production to be scaled up over the course of December 2012.

Beach Energy Limited (ASX:BPT) has been informed by Santos (ASX:STO), the operator of the Tantanna to Moomba oil pipeline, that Santos plans to permanently shut down the Tantanna to Gidgealpa oil pipeline on 1 June 2012. The new Lycium Hub to Moomba trunkline, which will replace the Tantanna pipeline and have an increased capacity of 15,000 bopd, is expected to be operational in Q4 2012

Beach Energy Limited (ASX:BPT) advises that Senex Energy Limited (ASX:SXY), operator of the Growler oil field on the Western Flank of the Cooper/Eromanga Basin, has today announced a major reserves upgrade for the field in PEL 105/PRL15 (Beach 40%, Senex 60%).

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has been informed by Santos Ltd (ASX:STO) that the pipeline between the Tantanna facility and the Gidgealpa facility is now back online and is flowing at approximately 5,500 barrels of oil per day ("bopd"). The re-commissioning of the Tantanna pipeline is over two months ahead of Beach's initial expectations.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) advises it has signed an agreement with Senex Energy Limited (ASX:SXY) to tie-in the Growler Field (Beach 40%) to the Lycium oil field. It has also agreed with Senex to construct a trunkline from Lycium to the Moomba facility, however, the tie-in of this section remains subject to approval from the South Australian Cooper Basin (SACB) Joint Venture (~Santos Ltd (ASX:STO) 67%, Beach 20%, Origin Ltd 13%).

Asian Activities Report for April 21, 2011 includes: Atomic Resources Limited (ASX:ATQ) signed agreements to acquire coal leases in southwest Tanzania; Western Areas NL (ASX:WSA) announced an update of the Mineral Resource at Flying Fox nickel mine; Mission NewEnergy Limited (ASX:MBT) (NASDAQ:MNEL) announced the pricing of its U.S. public offering; Senex Energy Limited (ASX:SXY) is to test unconventional gas potential in South Australia.